The global mineral supplements market was valued at $9.9 million in 2014 and it is expected to grow at a CAGR of 7.5% during the period 2015 – 2020. The global mineral supplements market is increasing due to growing geriatric population, increasing demand from pregnant women, and rising urban population. With the increasing population of baby boomers, spending on mineral supplements is anticipated to increase. Due to weak digestive system at older age, it is difficult for human body to absorb all the required nutrients from food. Among geriatric population, loss of appetite and weakening of bones are considered to be the most common problem. In order to get sufficient amount of nutrients, the dependency of the geriatric population towards mineral supplements product is increasing. At the same time, the population of senior citizen (aged 65 years and above) in Asia-Pacific was around 288.0 million in 2010, which is expected to reach 911.0 million by 2050. The positive impact of rising global baby boomers population is anticipated to remain medium in the next few years as with improving health standards, the life expectancy is expected to increase. The impact of rising urban population is anticipated to increase in the long run. With hectic lifestyle, the working hours are expected to increase, especially in low-cost countries, thus increasing growth opportunities for the mineral supplements market. Increasing demand for mineral supplements in pregnant women is anticipated to provide further growth opportunities for mineral supplements market.
Browse full report with TOC @ http://www.acutemarketreports.com/report/mineral-supplements-market
However, certain restraint such as lack of proper regulatory bodies is hindering the market growth. Mineral supplements products are regulated differently from drug. The responsibility for ensuring the validity of mineral supplement products claims remains solely with manufacturers and no regulatory body intervenes for quality control of any sort.
By end-user, the adult women segment hold the largest share, with $3.7 million value, of the total market in 2014; and it is expected to reach $5.7 million in 2020, at a CAGR of 7.6% for the period 2015-2020. By geography, the Asia-Pacific mineral supplements market is expected to witness the fastest growth (9.4% CAGR) globally during 2015 – 2020. Based on application, the pharmaceutical industry holds the largest share of the global mineral supplements market in 2014.
View all reports of this category @ http://www.acutemarketreports.com/category/consumer-goods-market
The rising urban population paired with rising number of health conscious people, especially in the developing Asian countries such as India and China, are more willing to shift towards intake of supplement products including mineral supplements to compensate their nutritional requirement. This is mainly due to the hectic lifestyle associated with urban population. This is expected to boost the global mineral supplements market.
Report Coverage
• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
• Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market
For More Information visit: http://www.acutemarketreports.com/
About Acute Market Reports
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. Acute Market Reports provide online reports from over 100 best publishers and upgrade Acute Market Reports collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Acute Market Reports database consists of 200,000+ market research reports with detailed & minute market research.
Contact:
Chris Paul
Office No 01, 1st Floor,
Aditi Mall, Baner, Pune,
MH, 411045 India
Phone (India): +91 7755981103
Toll Free (US/Canada): +1-855-455-8662
Email: sales@acutemarketreports.com
LinkedIn >>> http://bit.ly/1M5TNKb
Visit Other Market Research Reports By Acute Market Reports:
Surgical Incision Closure Market Strategies 2022 – http://bit.ly/1EQM3vW
Rhamnolipids Market Growth Up to 2025 – http://bit.ly/1K4HkXK